295,075 Shares in Corporacion America Airports S.A. $CAAP Purchased by Pillsbury Lake Capital LLC

Pillsbury Lake Capital LLC bought a new position in shares of Corporacion America Airports S.A. (NYSE:CAAP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 295,075 shares of the company’s stock, valued at approximately $7,429,989,000. Corporacion America Airports comprises about 2.0% of Pillsbury Lake Capital LLC’s portfolio, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Corporacion America Airports in the 2nd quarter valued at $38,001,000. BNP Paribas Financial Markets boosted its position in Corporacion America Airports by 673.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 494,703 shares of the company’s stock valued at $8,964,000 after buying an additional 430,726 shares during the period. Royal Bank of Canada grew its stake in shares of Corporacion America Airports by 30.4% in the first quarter. Royal Bank of Canada now owns 1,042,548 shares of the company’s stock worth $26,366,000 after acquiring an additional 243,092 shares in the last quarter. Empowered Funds LLC boosted its holdings in Corporacion America Airports by 74.4% in the first quarter. Empowered Funds LLC now owns 425,585 shares of the company’s stock valued at $10,763,000 after purchasing an additional 181,598 shares during the period. Finally, Militia Capital Management LLC purchased a new position in Corporacion America Airports in the first quarter valued at $4,072,000. 12.95% of the stock is owned by hedge funds and other institutional investors.

Corporacion America Airports Stock Down 0.7%

Shares of NYSE:CAAP opened at $24.64 on Thursday. Corporacion America Airports S.A. has a 1-year low of $17.36 and a 1-year high of $30.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.51 and a quick ratio of 1.48. The stock has a market cap of $4.07 billion, a P/E ratio of 13.84, a P/E/G ratio of 0.68 and a beta of 0.70. The firm has a fifty day moving average price of $25.20 and a 200 day moving average price of $25.83.

Corporacion America Airports (NYSE:CAAP) last posted its quarterly earnings data on Tuesday, August 18th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.18). Corporacion America Airports had a net margin of 13.58% and a return on equity of 16.69%. The business had revenue of $534.04 million during the quarter, compared to analyst estimates of $497.52 million. Sell-side analysts predict that Corporacion America Airports S.A. will post 2.2 EPS for the current year.

Corporacion America Airports Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be given a $0.91 dividend. The ex-dividend date is Monday, August 31st. Corporacion America Airports’s payout ratio is 50.56%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Corporacion America Airports in a research note on Wednesday, June 24th. Zacks Research raised shares of Corporacion America Airports from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. raised their price objective on shares of Corporacion America Airports from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Monday, June 15th. Finally, Wall Street Zen cut Corporacion America Airports from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.12.

Corporacion America Airports Company Profile

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company’s core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.